Namdia hunts for new board
Namibia Desert Diamonds (Namdia) is hunting for a new board to replace the one currently headed by Walvis Bay-based lawyer Shakespeare Masiza. The parastatal recently advertised for new board members.
The founding board consisted of Masiza, Development Bank of Namibia (DBN) board chairperson Tania Hangula, government chief legal advisor Chris Nghaamwa, Nampost portfolio manager Lorentha Harases, Namcor executive Bonifatius Konjore, geologist Venondjo Maharero and HR specialist Florentia Amuenje, who later resigned.
It was tasked with the responsibility of establishing Namdia, its CEO Kennedy Hamutenya told New Era last year November.
“The minister [of mines and energy] appointed a team of directors who had certain competencies, whether it is information technology, human resources and others, and he then asked them at the inception that they were appointed to help me set up the company,” Hamutenya said at the time.
“It was then agreed and acknowledged that these [board] directors were going to spend a disproportionate amount of their time sitting with me, trying to set up the company.”
The current board also drew criticism over earning excessive board fees, the media reported last year. The board had since the establishment of Namdia earned N$8 million over a two-year period.
Masiza earned N$1.4 million in board fees, while Nghaamwa, Maharero, Konjore and Harases earned N$1.2 million each over the last two years.
Hangula earned N$1.1 million and Amuenje N$745 000.
The new board members will be required to amongst others, hold bachelor's degrees in marketing, business management, economics or law or hold master degrees in human resources or accounting.
The advertisement also called on those with five years' senior management experience at senior or executive management level to apply.
OGONE TLHAGE
The founding board consisted of Masiza, Development Bank of Namibia (DBN) board chairperson Tania Hangula, government chief legal advisor Chris Nghaamwa, Nampost portfolio manager Lorentha Harases, Namcor executive Bonifatius Konjore, geologist Venondjo Maharero and HR specialist Florentia Amuenje, who later resigned.
It was tasked with the responsibility of establishing Namdia, its CEO Kennedy Hamutenya told New Era last year November.
“The minister [of mines and energy] appointed a team of directors who had certain competencies, whether it is information technology, human resources and others, and he then asked them at the inception that they were appointed to help me set up the company,” Hamutenya said at the time.
“It was then agreed and acknowledged that these [board] directors were going to spend a disproportionate amount of their time sitting with me, trying to set up the company.”
The current board also drew criticism over earning excessive board fees, the media reported last year. The board had since the establishment of Namdia earned N$8 million over a two-year period.
Masiza earned N$1.4 million in board fees, while Nghaamwa, Maharero, Konjore and Harases earned N$1.2 million each over the last two years.
Hangula earned N$1.1 million and Amuenje N$745 000.
The new board members will be required to amongst others, hold bachelor's degrees in marketing, business management, economics or law or hold master degrees in human resources or accounting.
The advertisement also called on those with five years' senior management experience at senior or executive management level to apply.
OGONE TLHAGE
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